Musk backs SpaceX-Tesla merger as rocket firm turns profit

Musk backs SpaceX-Tesla merger as rocket firm turns profit

Elon Musk looks on as US President Donald Trump speaks at the US-Saudi Investment Forum at the John F. Kennedy Center for the Performing Arts in Washington, DC on November 19, 2025. Photo by BRENDAN SMIALOWSKI / AFP

Elon Musk said Tuesday he would back a merger of SpaceX and Tesla, as his rocket and AI company reported its first quarterly profit since going public, driven by deals to rent out computing power to AI firms.